Dimensional Fund Advisors LP increased its position in shares of Urban Edge Properties (NYSE:UE) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,471,941 shares of the real estate investment trust’s stock after purchasing an additional 33,899 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Urban Edge Properties were worth $35,504,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new position in shares of Urban Edge Properties during the 2nd quarter worth about $149,000. Riverhead Capital Management LLC boosted its stake in shares of Urban Edge Properties by 108.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,351 shares during the period. Madden Advisory Services Inc. purchased a new position in shares of Urban Edge Properties during the 3rd quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Urban Edge Properties by 59.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,536 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 3,177 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in shares of Urban Edge Properties by 105.0% during the 2nd quarter. Flinton Capital Management LLC now owns 9,240 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 4,732 shares during the period. 89.71% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Urban Edge Properties from a “d” rating to a “c-” rating in a report on Monday, November 6th. Capital One Financial reiterated an “equal weight” rating on shares of Urban Edge Properties in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. Urban Edge Properties’s payout ratio is 90.72%.
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Urban Edge Properties Profile
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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